other
confidence high
sentiment neutral
materiality 0.60
Parks! America (PRKA) effects 1-for-500 reverse/5-for-1 forward stock split effective April 30
PARKS AMERICA, INC
- Reverse/forward stock split: 1-for-500 reverse then 5-for-1 forward, effective April 30, 2025 at 5:00 PM ET.
- Post-split shares will trade under symbol PRKAD for 20 trading days, then revert to PRKA; new CUSIP 701455206.
- Outstanding shares reduce from 75,726,851 to approximately 754,045.
- Cash paid for fractional shares: holders with fewer than 500 shares receive cash based on 5-day average closing price.
- Purpose: reduce excessive administrative costs associated with disproportionately large number of small stockholders.